4105 S. Rockford Ave Tulsa, OK 74105
Phone: (918) 798-4428 Mobile: (918) 798-6628 Fax: (918) 398-5330 Email Janet & Graham

Tulsa Home Affordability


Most affordable housing markets

Indianapolis comes in first among big cities; Los Angeles dead last. Nearly 200 markets rated according to income and home prices. By Les Christie, CNNMoney.com staff writer


NEW YORK (CNNMoney.com) - Indianapolis was the leader among all major U.S. cities for housing affordability during the first quarter of 2006, according to the latest figures from the National Association of Home Builders and Wells Fargo.

More than 90 percent of homes in the Indiana capital were affordable to families earning the median income for the area of about $65,100.

In Los Angeles, the least affordable big metro area, only 1.9 percent of the homes sold were within the reach of families earning a median income for the city of $56,200.

For the United States as a whole, housing grew less affordable over the past 12 months.

NAHB president David Pressley said, "The latest HOI (housing affordability index) shows that only 41.3 percent of new and existing homes that were sold during this year's first quarter were affordable to families earning the national median income. This is down from just over 50 percent of all homes sold in the first quarter of 2005."

In addition to housing prices and family income the survey bases its index on interest rates. First-quarter housing affordability was virtually unchanged compared with the fourth quarter of 2005 because slightly higher family income and a small dip in home prices were offset by an increase in mortgage loan interest rates.

Among all cities, including smaller ones, Lansing, Michigan ranked as the most affordable metro area surveyed. Some 92.7 percent of all homes sold there could be bought by families earning the median income in town.

The Midwest dominated the top 10 list with Davenport, Iowa second at 92.3 percent and Lima, Ohio third at 91.2 percent. Only one other region cracked the top 10 with Cumberland, Maryland representing the South at 88.2 percent.

The most unaffordable markets were almost all in California with Santa Ana (2.5) and Santa Barbara (3.2) just a tiny bit more affordable than LA. The New York metro area, the only non-Golden State in the bottom 10, came in tenth, tied with Nassau-Suffolk, New York, at 6.1 percent. 

Take a look at Tulsa in the below charts. We currently have a median home price of around $125,000. This is way below the $740,000 median price of the top city of San Jose. With a national rank of 33 in the affordability charts, you will be able to afford a home and keep more money in your pocket. The higher up the affordability chart the better and the lower down the Median Home Price chart the better for Tulsans.

Housing Opportunity Index: 1st Quarter 2006 by Affordability Rank

Affordability refers to the percentage of homes sold in the first quarter that families making the median household income for that metro area could afford to buy. Income and home prices are medians and are in thousands of dollars.

 

Metro Area

Affordability

Median

Income

Per $1K

Home prices

Per $1K

National rank

Regional rank

Lansing-East Lansing, MI

92.7

64.9

108

1

1

Davenport-Moline-Rock Island, IA-IL

92.3

60.1

85

2

2

Lima, OH

91.2

52.2

75

3

3

Battle Creek, MI

90.5

55.2

80

4

4

Indianapolis, IN

90.1

65.1

113

5

5

Bay City, MI

89.4

55.8

85

6

6

Saginaw-Saginaw Township North, MI

89.4

53.8

75

6

6

Springfield, OH

88.8

55.4

86

8

8

Cumberland, MD-WV

88.2

48.4

78

9

1

Youngstown-Warren-Boardman, OH-PA

88.2

52.1

82

9

9

Canton-Massillon, OH

87.8

54.9

93

11

10

Detroit-Livonia-Dearborn, MI*

86.9

56.7

95

12

11

Monroe, MI

86.5

69.6

141

13

12

Mansfield, OH

86.0

52.7

88

14

13

Rochester, NY

85.8

64.1

105

15

1

Erie, PA

85.7

54.3

85

16

2

Flint, MI

85.6

57.8

98

17

14

Buffalo-Niagara Falls, NY

85.5

58.3

77

18

3

Grand Rapids-Wyoming, MI

83.6

61.5

127

19

15

Dayton, OH

83.3

59.8

105

20

16

Toledo, OH

83.2

58.9

104

21

17

St. Louis, MO-IL

83.1

65.8

109

22

18

Harrisburg-Carlisle, PA

82.9

64.3

129

23

4

Akron, OH

82.4

61.3

105

24

19

Warren-Farmington Hills-Troy, MI*

81.8

79.5

161

25

20

Peoria, IL

81.1

62.4

108

26

21

Cleveland-Elyria-Mentor, OH

80.3

61.4

118

27

22

Sandusky, OH

80.3

60.2

119

27

22

Champaign-Urbana, IL

80.0

62.6

127

29

24

Oklahoma City, OK

78.7

53.9

110

30

2

Springfield, IL

78.5

64.6

119

31

25

Columbia, SC

78.0

58.9

127

32

3

Tulsa, OK

77.7

54.5

118

33

4

Winston-Salem, NC

77.6

58.2

129

34

5

Cincinnati-Middletown, OH-KY-IN

76.6

64.6

136

35

26

Pittsburgh, PA

76.0

57.4

114

36

5

Greensboro-High Point, NC

73.8

56.4

135

37

6

Ann Arbor, MI

73.3

82.4

200

38

27

Atlanta-Sandy Springs-Marietta, GA

73.2

68.1

175

39

7

Fayetteville, NC

73.0

47.6

117

40

8

Columbus, OH

71.8

64.4

150

41

28

Pocatello, ID

71.8

50.2

131

41

1

Pueblo, CO

71.7

46.8

125

43

2

Milwaukee-Waukesha-West Allis, WI

71.3

66.8

156

44

29

Charlotte-Gastonia-Concord, NC-SC

71.2

64.4

160

45

9

Lancaster, PA

71.2

64.1

163

45

6

Reading, PA

70.0

64.6

155

47

7

Wilmington, DE-MD-NJ*

68.4

73.2

199

48

8

Fort Worth-Arlington, TX*

67.4

63.1

157

49

10

Great Falls, MT

67.3

47.8

133

50

3

Springfield, MA

67.0

62.9

175

51

9

Raleigh-Cary, NC

65.8

71.6

197

52

11

Ogden-Clearfield, UT

64.8

61.2

186

53

4

Tallahassee, FL

64.6

58.5

166

54

12

Durham, NC

64.3

61.7

175

55

13

Duluth, MN-WI

64.0

55.7

134

56

30

Hartford-West Hartford-East Hartford, CT

63.6

80.2

216

57

10

Colorado Springs, CO

63.4

63.1

200

58

5

Spokane, WA

63.1

53.9

152

59

6

Fort Collins-Loveland, CO

63.0

68.6

219

60

7

Minneapolis-St. Paul-Bloomington, MN-WI

63.0

78.5

230

60

31

Gainesville, GA

62.5

58.3

168

62

14

Denver-Aurora, CO

62.4

71.3

221

63

8

Camden, NJ*

62.2

77.3

195

64

11

Dallas-Plano-Irving, TX*

61.8

66.7

177

65

15

Roanoke, VA

61.4

57.8

175

66

16

Richmond, VA

60.9

67.2

203

67

17

San Antonio, TX

59.6

53.1

143

68

18

Wheeling, WV-OH

59.6

48.2

141

68

18

Pensacola-Ferry Pass-Brent, FL

59.0

51.9

159

70

20

New Haven-Milford, CT

58.8

75.0

215

71

12

Salem, OR

58.5

56.8

180

72

9

Austin-Round Rock, TX

58.3

69.6

197

73

21

Trenton-Ewing, NJ

57.8

85.4

225

74

13

Allentown-Bethlehem-Easton, PA-NJ

57.4

65.9

185

75

14

Norwich-New London, CT

56.4

73.9

233

76

15

Fort Walton Beach, FL

56.0

57.8

194

77

22

Greeley, CO

55.8

57.8

193

78

10

Houston-Sugar Land-Baytown, TX

55.6

60.9

171

79

23

Lake County-Kenosha County, IL-WI*

54.9

86.0

257

80

32

Pittsfield, MA

54.9

61.2

185

80

16

Boulder, CO

54.8

81.6

282

82

11

Jacksonville, FL

54.8

60.3

192

82

24

Asheville, NC

54.3

50.4

170

84

25

Corvallis, OR

53.6

68.1

226

85

12

Greenville, SC

52.8

56.5

183

86

26

Virginia Beach-Norfolk-Newport News, VA-NC

52.6

60.3

200

87

27

Ocala, FL

51.9

44.9

148

88

28

Vineland-Millville-Bridgeton, NJ

51.5

56.4

163

89

17

Chicago-Naperville-Joliet, IL*

51.3

72.1

241

90

33

Gainesville, FL

51.2

54.5

176

91

29

Rockingham County-Strafford County, NH *

51.0

77.0

250

92

18

Charleston-North Charleston, SC

50.7

56.4

201

93

30

Salisbury, MD

50.7

55.3

191

93

30

Salt Lake City, UT

50.1

61.3

223

95

13

Baltimore-Towson, MD

49.1

72.8

250

96

32

Albuquerque, NM MSA

48.6

53.2

193

97

14

Worcester, MA

47.4

71.7

250

98

19

Provo-Orem, UT

46.4

56.0

216

99

15

Yuma, AZ

45.8

41.1

150

100

16

Palm Bay-Melbourne-Titusville, FL

45.3

57.3

205

101

33

El Paso, TX

44.2

39.5

126

102

34

Manchester-Nashua, NH

44.2

76.9

245

102

20

Philadelphia, PA*

44.0

69.8

251

104

21

Tampa-St. Petersburg-Clearwater, FL

43.8

54.4

194

105

35

Eugene-Springfield, OR

43.4

54.7

202

106

17

Punta Gorda, FL

43.4

50.8

185

106

36

Bellingham, WA

42.8

57.5

223

108

18

Portland-Vancouver-Beaverton, OR-WA

42.5

66.9

250

109

19

Brownsville-Harlingen, TX

42.2

33.0

109

110

37

Lakeland, FL

41.8

49.5

186

111

38

Hagerstown-Martinsburg, MD-WV

40.4

57.7

238

112

39

Olympia, WA

38.9

64.3

237

113

20

Bremerton-Silverdale, WA

38.6

63.2

247

114

21

Cambridge-Newton-Framingham, MA*

38.6

90.9

365

114

22

Bethesda-Gaithersburg-Frederick,MD*

38.0

98.4

390

116

40

Essex County, MA*

37.2

78.2

319

117

23

Panama City-Lynn Haven, FL

36.8

51.6

220

118

41

Kingston, NY

35.3

61.4

229

119

24

Atlantic City, NJ

35.0

64.4

250

120

25

Poughkeepsie-Newburgh-Middletown, NY

34.8

73.4

265

121

26

Deltona-Daytona Beach-Ormond Beach, FL

34.4

50.3

200

122

42

Honolulu, HI

34.4

71.3

378

122

22

Tucson, AZ

34.3

52.4

223

124

23

Prescott, AZ

34.2

48.3

229

125

24

Orlando-Kissimmee, FL

33.9

57.4

235

126

43

Fort Lauderdale-Pompano Beach-Deerfield Beach, FL*

33.8

60.6

242

127

44

Vero Beach, FL

33.6

55.5

222

128

45

Boise City-Nampa, ID

33.5

56.1

234

129

25

Bridgeport-Stamford-Norwalk, CT

33.0

95.9

415

130

27

Phoenix-Mesa-Scottsdale, AZ

32.9

60.1

255

131

26

Mount Vernon-Anacortes, WA

32.7

56.5

242

132

27

Seattle-Bellevue-Everett, WA*

32.6

74.3

326

133

28

Tacoma, WA*

31.0

61.0

249

134

29

Edison, NJ*

30.8

87.5

340

135

28

West Palm Beach-Boca Raton-Boynton Beach, FL*

30.5

64.4

295

136

46

Sarasota-Bradenton-Venice, F

29.1

58.4

265

137

47

Newark-Union, NJ-PA*

28.7

85.4

365

138

29

Chico, CA

26.9

49.7

250

139

30

Bend, OR

26.6

58.8

275

140

31

Carson City, NV

25.5

57.3

280

141

32

Cape Coral-Fort Myers, FL

25.3

56.0

258

142

48

Boston-Quincy, MA*

24.8

77.7

360

143

30

Providence-New Bedford-Fall River, RI-MA

24.1

64.0

264

144

31

Washington-Arlington-Alexandria, DC-VA-MD-WV*

23.6

88.2

421

145

49

Port St. Lucie-Fort Pierce, FL

22.7

54.6

255

146

50

St. George, UT

20.5

46.9

273

147

33

Hanford-Corcoran, CA

20.0

46.2

246

148

34

Ocean City, NJ

19.9

64.1

400

149

32

Las Vegas-Paradise, NV

19.4

58.2

298

150

35

Visalia-Porterville, CA

18.2

44.1

248

151

36

Naples-Marco Island, FL

18.0

66.1

370

152

51

Reno-Sparks, NV

17.4

62.8

335

153

37

Medford, OR

16.8

52.9

278

154

38

Bakersfield, CA

16.5

48.1

268

155

39

San Jose-Sunnyvale-Santa Clara, CA

14.9

97.1

642

156

40

Redding, CA

14.6

49.0

272

157

41

Miami-Miami Beach-Kendall, FL*

13.6

48.3

265

158

52

Barnstable Town, MA

12.1

66.8

363

159

33

Vallejo-Fairfield, CA

11.8

74.0

450

160

42

Yuba City, CA

11.7

48.2

320

161

43

Oxnard-Thousand Oaks-Ventura, CA

10.8

79.5

591

162

44

Santa Rosa-Petaluma, CA

10.7

75.1

532

163

45

Oakland-Fremont-Hayward, CA*

9.4

83.8

555

164

46

Fresno, CA

9.2

47.0

297

165

47

Riverside-San Bernardino-Ontario, CA

8.4

57.5

385

166

48

Madera, CA

8.1

48.0

308

167

49

Sacramento--Arden-Arcade--Roseville, CA

7.9

65.4

400

168

50

San Francisco-San Mateo-Redwood City, CA *

7.8

91.2

745

169

51

San Luis Obispo-Paso Robles, CA

7.8

63.8

533

169

51

Stockton, CA

6.5

57.1

430

171

53

Nassau-Suffolk, NY*

6.1

91.0

475

172

34

New York-White Plains-Wayne, NY-NJ*

6.1

59.2

472

172

34

Santa Cruz-Watsonville, CA

5.9

75.1

672

174

54

Napa, CA

5.8

75.0

600

175

55

Merced, CA

5.5

46.4

365

176

56

San Diego-Carlsbad-San Marcos, CA

5.2

64.9

491

177

57

Salinas, CA

5.0

62.2

600

178

58

Modesto, CA

3.9

54.4

380

179

59

Santa Barbara-Santa Maria, CA

3.2

65.8

580

180

60

Santa Ana-Anaheim-Irvine, CA*

2.5

78.3

608

181

61

Los Angeles-Long Beach-Glendale, CA*

1.9

56.2

500

182

62

 

 

 

 

NAR 1st quarter 2006 Median Home Prices home prices

Metro Area*

State

Median Price

Per $1K

% Change (1-yr)

U.S.

 

217.9

10.3%

NORTHEAST

 

285.2

6.6%

MIDWEST

 

158.8

6.7%

SOUTH

 

179.7

6.6%

WEST

 

344.0

12.0%

San Jose-Sunnyvale-Santa Clara

CA

746.8

1.4%

San Francisco-Oakland-Fremont

CA

720.4

5.0%

Anaheim-Santa Ana (Orange Co.)

CA

712.6

8.5%

Honolulu

HI

625.0

18.1%

San Diego-Carlsbad-San Marcos

CA

607.3

4.0%

Los Angeles-Long Beach-Santa Ana

CA

563.9

19.1%

New York-Wayne-White Plains

NY-NJ

528.7

15.8%

NY: Nassau-Suffolk

NY

475.3

6.4%

Bridgeport-Stamford-Norwalk

CT

471.2

3.4%

New York-Northern New Jersey-Long Island

NY-NJ-PA

458.5

11.2%

Washington-Arlington-Alexandria

DC-VA-MD-WV

422.5

11.0%

NY: Newark-Union

NJ-PA

405.3

6.5%

Riverside-San Bernardino-Ontario

CA

396.2

15.4%

Boston-Cambridge-Quincy

MA-NH**

390.4

-1.5%

Barnstable Town

MA

384.7

-1.1%

Sarasota-Bradenton-Venice

FL

382.9

12.0%

Miami-Fort Lauderdale-Miami Beach

FL

377.0

11.2%

Sacramento--Arden-Arcade--Roseville

CA

376.2

6.7%

NY: Edison

NJ

374.1

9.0%

Boulder

CO

360.4

6.9%

Seattle-Tacoma-Bellevue

WA

338.6

16.4%

Las Vegas-Paradise

NV

317.9

9.2%

Providence-New Bedford-Fall River

RI-MA

287.1

3.1%

Worcester

MA

278.7

-0.2%

New Haven-Milford

CT

276.5

13.1%

Phoenix-Mesa-Scottsdale

AZ

268.3

38.4%

Portland-Vancouver-Beaverton

OR-WA

267.7

21.8%

Cape Coral-Fort Myers

FL

267.4

18.3%

Baltimore-Towson

MD

265.9

14.7%

Trenton-Ewing

NJ

264.9

17.5%

Chicago-Naperville-Joliet

IL

263.6

11.0%

Orlando

FL

260.5

34.0%

Norwich-New London

CT

257.5

6.0%

Atlantic City

NJ

251.7

15.8%

Hartford-West Hartford-East Hartford

CT

250.4

2.4%

Kingston

NY

248.9

9.3%

Tucson

AZ

248.6

24.9%

Denver-Aurora

CO

244.2

3.5%

Portland-South Portland-Biddeford

ME

243.2

3.1%

Minneapolis-St. Paul-Bloomington

MN-WI

234.8

7.4%

Allentown-Bethlehem-Easton

PA-NJ

233.7

8.8%

Eugene-Springfield

OR

223.6

25.3%

Hagerstown-Martinsburg

MD-WV

221.5

19.4%

Virginia Beach-Norfolk-Newport News

VA-NC

221.1

27.1%

Philadelphia-Camden-Wilmington

PA-NJ-DE-MD

218.3

14.2%

Madison

WI

217.4

3.8%

Milwaukee-Waukesha-West Allis

WI

214.2

7.7%

Deltona-Daytona Beach-Ormond Beach

FL

212.6

25.4%

Pittsfield

MA

212.5

Unch

Richmond

VA

210.2

16.5%

Gainesville

FL

210.1

31.9%

Colordo Springs

CO

209.4

8.9%

Palm Bay-Melbourne-Titusville

FL

208.0

13.0%

Charleston-North Charleston

SC

207.6

9.7%

Tampa-St.Petersburg-Clearwater

FL

207.3

20.0%

Springfield

MA

200.8

6.5%

Dover

DE

200.0

21.7%

Raleigh-Cary

NC

199.6

3.6%

Jacksonville

FL

195.6

19.0%

Salem

OR

191.7

22.5%

Albany-Schenectady-Troy

NY

189.9

11.4%

Salt Lake City

UT

184.2

17.3%

Tallahassee

FL

176.7

12.8%

New Orleans-Metairie-Kenner

LA

175.0

23.0%

Charlotte-Gastonia-Concord

NC-SC

174.5

3.0%

Spokane

WA

172.1

26.3%

Albuquerque

NM

171.9

14.8%

Atlanta-Sandy Springs-Marietta

GA

168.4

5.6%

Austin-Round Rock

TX

167.2

8.5%

Nashville-Davidson-Murfreesboro

TN

165.3

8.7%

Pensacola-Ferry Pass-Brent

FL

163.5

13.7%

Birmingham-Hoover

AL

163.4

7.4%

Durham

NC

162.9

1.6%

Ocala

FL

159.8

30.8%

Farmington

NM

159.6

7.7%

Green Bay

WI

156.9

2.7%

Baton Rouge

LA

154.4

18.3%

Kennewick-Richland-Pasco

WA

152.0

5.0%

Kansas City

MO-KS

150.0

1.1%

Bloomington-Normal

IL

148.0

4.6%

Greenville

SC

147.4

10.4%

Dallas-Fort Worth-Arlington

TX

146.4

4.6%

Glens Falls

NY

145.8

14.3%

Lexington-Fayette

KY

144.7

2.3%

Jackson

MS

143.9

16.5%

Knoxville

TN

143.0

5.3%

Greensboro-High Point

NC

143.0

4.5%

Houston-Baytown-Sugar Land

TX

142.3

3.0%

Columbus

OH

141.7

1.1%

Des Moines

IA

139.6

0.4%

Montgomery

AL

137.8

16.5%

Cincinnati-Middletown

OH-KY-IN

137.7

-1.4%

Lincoln

NE

137.2

2.8%

Saint Louis

MO-IL

137.2

2.5%

Memphis

TN-MS-AR

135.9

3.3%

Mobile

AL

134.9

14.9%

Cedar Rapids

IA

134.6

13.4%

Grand Rapids

MI

133.8

-1.9%

Omaha

NE-IA

133.5

0.8%

San Antonio

TX

133.4

7.9%

Fargo

ND-MN

133.4

6.5%

Champaign-Urbana

IL

133.1

3.7%

Gulfport-Biloxi

MS

132.9

9.7%

Sioux Falls

SD

132.9

Unch

Yakima

WA

131.7

3.8%

Reading

PA

131.7

7.8%

Louisville

KY-IN

131.1

0.8%

Bismarck

ND

130.9

13.0%

Springfield

MO

130.8

3.5%

Chattanooga

TN-GA

130.2

5.2%

Shreveport-Bossier City

LA

129.2

16.8%

Lansing-E.Lansing

MI

128.3

-5.1%

Cleveland-Elyria-Mentor

OH

126.8

-3.0%

Corpus Christi

TX

126.8

8.8%

Tulsa

OK

125.7

11.9%

Spartanburg

SC

124.8

9.0%

Little Rock-N. Little Rock

AR

123.8

14.0%

Kankakee-Bradley

IL

123.2

6.8%

Gary-Hammond

IN

122.3

1.2%

El Paso

TX

120.0

14.5%

Oklahoma City

OK

119.9

8.7%

Charleston

WV

119.0

5.8%

Davenport-Moline-Rock Island

IA-IL

116.7

13.3%

Rockford

IL

114.8

3.0%

Indianapolis

IN

113.5

-2.4%

Waterloo/Cedar Falls

IA

109.7

26.8%

Dayton

OH

108.7

-1.2%

Amarillo

TX

108.4

5.7%

Pittsburgh

PA

107.7

1.2%

Rochester

NY

105.7

-1.9%

Topeka

KS

105.2

10.2%

Syracuse

NY

104.4

10.6%

Canton-Massillon

OH

104.4

1.0%

Akron

OH

104.2

-6.3%

Wichita

KS

104.0

-1.0%

Peoria

IL

103.5

13.1%

Toledo

OH

103.5

-5.7%

Springfield

IL

102.2

2.1%

Beaumont-Port Arthur

TX

99.4

10.4%

Erie

PA

95.9

10.4%

Ft. Wayne

IN

95.4

2.1%

Buffalo-Niagara Falls

NY

94.5

1.7%

Binghamton

NY

90.1

3.4%

Elmira

NY

88.5

18.8%

Cumberland

MD-WV

85.4

6.0%

South Bend-Mishawaka

IN

81.8

-10.2%

Youngstown-Warren-Boardman

OH-PA

81.1

-1.6%

Decatur

IL

80.0

14.3%

Danville

IL

52.5

-11.6%


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